Government releases 14 industrial sites for sale

Fourteen sites were released for sale under the Industrial Government Land Sales Programme for the second half of 2015 on Monday (Jun 29) by the Ministry of Trade and Industry (MTI).

According to MTI, there will be 10 sites in the Confirmed List and four sites in the Reserve List, with a total site area of 14.3 hectares. The Government will continue to release sufficient land through the programme to provide adequate industrial space in Singapore, said MTI.

The 10 sites on the Confirmed List are:

MTI will also place four sites on the Reserve List:

Under the Reserve List, the Government will release a site for sale if an interested party submits an application for the site to be put up for tender, with an offer of a minimum purchase price that is acceptable to the Government.

A site can also be released if there is sufficient market interest in the form of more than one unrelated party submitting minimum prices. These prices should be close to the Government’s reserve price for the site within a reasonable period.

Source : Channel NewsAsia – 29 Jun 2015